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    Property profile & analytics

    480 Olde Worthington Rd Westerville, OH 43082

    • Office buildings
    • 102,487 SF
    • 8.94 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $5,945,000
    Last Sale
    Nov 24, 2020
    $6,000,000
    Location Intelligence
    Property ID
    US66-0559558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The SmarTV Company, LLC / Software Company
    • Tiller Tracking / Software Company
    • Lake Shore Cryotronics World Headquarters / Corporate Office
    • NRL Mortgage- Columbus / Mortgage Lender
    • Abby Solutions Group / Property Maintenance

    Property Details for 480 Olde Worthington Rd

    Year built
    2000
    Lot size
    8.94 lot acres
    Property size
    102,487 SF
    Property type
    Office buildings
    APN
    318-443-01-008-001
    APU
    31844301008001

    Description

    This Class A, three-story office building at 480 Olde Worthington Rd in Westerville, Ohio offers 102,487 square feet of space, with 15,312 square feet currently vacant and divisible into units as small as 1,206 square feet. The building, constructed in 2000, features a traditional and creative office layout, situated on 8.96 acres of land in the Polaris submarket of Delaware County. The property boasts ample parking (5.5 spaces per 1,000 square feet) and convenient access to I-71. The available space is located on the third floor, offering views of the surrounding campus. The building's efficient design, with a 9% common area factor, maximizes usable space. The location provides employees and visitors with easy access to a wide array of amenities. The property's APN is 318-443-01-008-001. The building has two suites and elevators are available. This is a multi-tenant building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,290,000
      6.5%
      $6,405,000
      7%
      $6,215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,880,000
      Geo Method
      $6,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,260,000
      Retail
      $6,580,000
      Mixed-Use
      $6,620,000
      Hospitality
      $5,970,000
      Educational
      $5,955,000
      Residential Income
      $5,895,000
      Energy
      $5,345,000
      Income-Based Land
      $5,320,000
      Food Service
      $5,755,000

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.962
    Latitude
    40.1398
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $212,239
    $623,950
    $1,993,990
    $2,617,940
    -
    $1,782,700
    $5,697,100
    $7,479,800

    Comparable in this City

    • Value Estimation by Request
      2,184 SF

      865 Glenmore Way

      OFFICE BUILDING • 2,184 SF
      865 Glenmore Way, Westerville, OH 43082-8434
      View Details
    • Value Estimation by Request
      150,641 SF

      570 Polaris Pkwy

      OFFICE BUILDING • 150,641 SF
      570 Polaris Pkwy, Westerville, OH 43082-7900
      View Details
    • Value Estimation by Request
      1,699 SF

      157 Retreat Ln

      OFFICE BUILDING • 1,699 SF
      157 Retreat Ln, Westerville, OH 43082-6391
      View Details
    • Value Estimation by Request
      2,880 SF

      200 Hoff Rd, Unit K

      OFFICE BUILDING • 2,880 SF
      200 Hoff Rd, Westerville, OH 43082-7155
      View Details
    • Value Estimation by Request
      2,320 SF

      8140 Autumn Lk Dr

      OFFICE BUILDING • 2,320 SF
      8140 Autumn Lk Dr, Westerville, OH 43082-8343
      View Details
    • Value Estimation by Request
      71,259 SF

      505 Cleveland Ave

      OFFICE BUILDING • 71,259 SF
      505 Cleveland Ave, Westerville, OH 43082-7130
      View Details

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      Westerville Commercial Land - $450K

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    Similar Nearby for Lease

    • $13 SF/Yr
      29,500 SF

      Class A Office Space Available

      Five-story office building near Polaris Centers of Commerce.
      460 Polaris Pkwy, Westerville, OH 43082
      View Details
    • $2,700,000
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      Westerville Office and Warehouse Space

      Office and warehouse spaces available for lease in Westerville, OH.
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    • $12 SF/Yr
      24,000 SF

      Westerville Retail Land Opportunity

      Prime 1.42-acre site, build-to-suit potential.
      600 State St, Westerville, OH 43082
      View Details
    • $13 SF/Yr
      2,601 SF

      Class A Office Space Available

      Five-story office building in Westerville's Westar area for rent.
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    • $9 SF/Yr
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      6111 Maxtown Rd

      Flex space • 30,006 SF
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    • $650 /Mo
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      Westerville Office Space For Rent

      Single-occupancy office spaces available in Westerville, all inclusive.
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      View Details
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    480 Olde Worthington Rd
    Westerville, OH 43082
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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